Red Door Communications acquired by Creston plc For £13.5m

(London: 7th July 2005): Creston plc, the listed marketing services group, has today acquired Red Door Communications, one of the UK's leading healthcare public relations and medical education consultants, for a maximum consideration of £13.5 million.

Red Door was founded by Catherine Warne and Julia Harries in 2000 to serve the healthcare and pharmaceutical sector. Current clients include AstraZeneca, Bayer, GlaxoSmithKline, Novartis, Roche Diagnostics and Schering Healthcare.

D5 Capital introduced the deal and advised Red Door throughout the sale process.

Commenting on the merger, Rupert Ashe, CEO of D5 Capital said:

"This is an excellent deal for both parties. Creston is now well positioned in the rapidly-growing healthcare communications sector with one of the brightest stars in the marketplace. Red Door has joined one of the UK's most exciting marketing services groups, with international ambitions and access to the stock market."